All articles by Verdict Staff
Verdict Staff
Barclays in record deal
Barclays Asset & Sales Finance (BA&SF) has completed a syndicated £280m receivables financing deal with distribution specialist Palmer and Harvey (Holdings) Plc at a time when the banking arm is seeking to bolster its asset-based lending (ABL) capability
WRAP increases lessor panel by 10
The eQuip panel now also includes Close Asset Finance, Clydesdale Bank, De Lage Landen Leasing, Fortis Lease UK, HSBC Equipment Finance UK, ING Lease UK, JCB Finance, KBC Lease, Triple Point Investment Management LLP and Vision Asset Finance
Romanian real estate leasing fast emerging
The market for real estate leasing expanded by more than a factor of 10 since 2005, the general manager of Immorent Romania Bogdan Cernescu told a press conference was quoted in the Romanian press as saying
Babcock rejigs consortium to finance Angel Trains bid
Babcock & Brown, one of the frontrunners in the race for rolling stock company, Angel Trains is reported to have rejigged its consortium, The Daily Telegraph has reported Deutsche Bank, a member of the Babcock-led consortium is understood to have dropped out as an equity provider for the £3.5bn acquisition although it is still believed to be participating on the debt side
The end of fraud
The police and the FLA have stepped up their efforts at combating equipment fraud New identification technology has been launched that may, for the first time, reverse the depressing rise in plant and equipment thefts
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Asset sales
Demand increasing as more specialist traders enter the market, thus providing users with more confidence to purchase used machinery
Former Fortis Lease boss joins Zenith Vehicle Contracts
Gerard Moon, the former CEO of lessor Fortis Lease UK, is to join independent vehicle leasing company Zenith Vehicle Contracts in the role of commercial director
China’s banking market grows leasing capabilities
The financial leasing firm, of which 81.25 per cent will be held by the Minsheng banking group and the remainder held by Tianjin Port Trade Zone Investment Company, is the fourth financial leasing company created by a Chinese bank
Commerzbank sources finance for Russian truck lessor
A Russian finance arm of Commerzbank is stepping up the amount it invests in asset finance with an injection of capital into truck finance specialist Kamaz Leasing Commerzbank Eurasija, which according to 2005 figures then had total assets of 858m, has loaned Kamaz 31m for two years at LIBOR plus 1.75 per cent.
Banca Italease seen turning profit, shares up sharply
Italian leasing company Banca Italease may return to profit in the first quarter after a loss in 2007, according to a Reuters report which quoted an unnamed source